Prime Minister Narendra Modi on Thursday launched his government's mega scheme ' Pradhan Mantri Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.
Various indicators make it amply clear that there are grave challenges facing the new government of Chief Minister Nitish Kumar, reports Indivjal Dhasmana.
If the government decides to go back to the old regime where the EPF was not taxed but the NPS was, the latter will become an unattractive product.
Congress rivals have put factionalism aside for now. The party is betting on a series of well-received welfare schemes to return to power
It added that following this, the Department of Ex-Servicemen Welfare of Ministry of Defence vide communication dated November 7, 2015, conveyed the policy of OROP for the defence force personnel.
Broader market underperformed with the BSE Midcap and the BSE Smallcap indices losing up to 0.2%
Progress on several parameters creates a tipping point situation.
FM proposed rationalisation of various tax exemptions.
Ex-servicemen on Tuesday started returning their medals to protest the government notification on implementation of 'one rank-one pension', which they have rejected, and hit back at Defence Minister Manohar Parrikar who termed the agitationists as misguided.
Defence Minister Manohar Parrikar on Tuesday said the behaviour of war veterans protesting the notification on OROP scheme is "unlike that of a soldier".
Announcing the cabinet decision, Union minister Prakash Javadekar also said the President, the Vice President, Governors of states have also voluntarily decided to take a pay cut as a social responsibility.
Ignore these and you will end holding duds
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
The PFRDA Act would give statutory status to the pensions sector regulator, and in addition to other objectives, aims to address apprehensions regarding safety and yield under the National Pension System.
Modi, while addressing the 150th anniversary programme of Kolkata Port Trust, invoked Mookerjee and B R Ambedkar and said their contributions had led to the development of the country post Independence, but suggestions made by them were not implemented after they resigned from the government.
'Modi's health scheme has changed the national conversation. For that reason it must be supported.'
You can still save money, says Samkit Maniar
The PM asserted that 'we know how to take challenges head-on'.
Defence Minister Manohar Parrikar has asked the Indian Air Force to focus on safety and conservation of available resources as he interacted with top commanders in New Delhi just days after India decided to buy 36 Rafale jets.
Families with tax-paying members, government employees, professionals, among those who have been exempted from the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.
Else, repent when you reach your golden years
While no specific state-oriented sops were rolled out, a strong thread of political wellness ran through the Budget.
Away from the distraction of its new high-profile politics, Wayanad's worries seemed very down to earth, discovers Shyam G Menon.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
But do not expect the finance minister to fulfil all these wishes
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Evaluate recurring investment products and do the numbers before making any investments.
Aadhaar now has legal backing but it still faces challenges of privacy and data sharing
For the first time in the state's history, over 10,000 thousand farmers have gone on strike.
The 'partial withdrawal' is however allowed only after 10 years of contribution by the subscriber, said the draft guidelines by the Pension Fund Regulatory and Development Authority.
This race among parties to woo the farmers mainly stems from the analysis of political pundits that the peasant class played a crucial role in the defeat of the BJP in Rajasthan, MP and Chhattisgarh.
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
It is worrisome that salaries are consuming as much expenditure as equipment.
The RBI 'assured people' that enough cash in small denominations is also available at banks.
The 40 per cent exemption benefit is applicable only for employees.
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Taxpayer will also have to forego deduction under 80CCC (contribution towards certain pension fund), Section 80D (health insurance), 80E (interest on loan for higher education), 80EE (interest on loan taken for residential property), 80EEB (purchase of electric vehicle), 80G (donation to charitable institutions), and 80G (rent paid).
Free provision of food, cash transfers, and jobs in villages see enhanced flow of funds despite a precipitous fall in revenue. Till May, defence spend was nearly 30 per cent less than the previous year.
Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, suggests T N Ninan.
Good news soon on the long-standing demand of ex-servicemen, promises Manohar Parrikar
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